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Home News New Zealand’s US$20 billion transport development programme

New Zealand’s US$20 billion transport development programme

New Zealand is setting a budget of US$20 billion for its transport development programme.

by Mike Woof
September 13, 2024
in News
Reading Time: 1 min read
A A
The Bay of Plenty area in New Zealand will benefit from major transport infrastructure improvements – image courtesy of © Markus Gann| Dreamstime.com

The Bay of Plenty area in New Zealand will benefit from major transport infrastructure improvements – image courtesy of © Markus Gann| Dreamstime.com

 A budget of US$20.16 billion (NZ$32.9 billion has been set by New Zealand’s Government to develop transport infrastructure. This is set out as the National Land Transport Programme (NLTP).

The investment will be for new highways, rail infrastructure and public transport. Roads of National Significance (RONS) will be amongst the priorities. Road maintenance for state highways and local roads will also be a priority, as will expansion of public transport systems.

The Transport Ministry will spend $1.16 billion (NZ$1.9 billion) improving transport links in the Bay of Plenty region. This will include resurfacing nearly 350km of state highways as well as general maintenance and pothole repairs. Transport links to the Port of Tauranga will be upgraded, cutting journey times and improving facilities for heavy vehicles. This work also forms part of the National Land Transport Programme and will be carried out over a three year period.

In addition, $156.3 million (NZ$255 million) will be spent on road improvements for Gisborne. State highways and local roads will benefit from upgrading and maintenance works.

Categories: Finance & Funding

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